AI for Finance Teams – ChordianAI

Financial Close Automation

Close the books faster with fewer errors.

Automated Reconciliation:

• Bank statement reconciliation

• Intercompany reconciliation

• Balance sheet account reconciliation

• Revenue recognition verification

• Exception handling for discrepancies

Results:

• Reduce close time from 10+ days to 3-5 days

• Eliminate manual reconciliation work

• Catch errors before finalization

Forecasting & Planning

Build accurate forecasts with confidence.

Revenue Forecasting:

• Bottom-up pipeline-based revenue forecasts

• Top-down market and trend analysis

• Scenario planning (best, likely, worst case)

• Cohort-based forecasting for recurring revenue

Expense Forecasting:

• Department-level budgeting with driver-based models

• Headcount planning with loaded costs

• Vendor spend projection

• Fixed vs variable cost analysis

FP&A Intelligence

Answer financial questions instantly with natural language queries.

Variance Analysis:

• Automatic detection of significant variances

• Driver-based explanation of changes

• Trend vs anomaly classification

• Recommended corrective actions

Accounts Payable Automation

Streamline AP processes from invoice to payment.

Invoice Processing:

• OCR extraction from PDF/email/paper invoices

• 3-way matching (PO, receipt, invoice)

• Approval routing based on amount and GL code

• Early payment discount optimization

Reporting & Analytics

Deliver insights to stakeholders.

Financial Reporting:

• Income statement, balance sheet, cash flow

• Management reporting packages

• Segment and product-level P&L

• Board reporting dashboards

Results:

Finance teams using ChordianAI achieve:

• 60% reduction in close time

• 40% improvement in forecast accuracy

• 70% reduction in manual data entry

• 50% faster financial analysis